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<br /> <br />CITY OF LINO LAKES <br />RESOLUTION NO. 18-144 <br /> <br />RESOLUTION APPROVING MASTER DEVELOPMENT AGREEMENT <br />FOR WATERMARK <br /> <br /> <br />WHEREAS, the City Council approved the PUD Final Plan/Final Plat for Watermark with <br />Resolution No. 18-143 on December 10, 2018; and <br /> <br />WHEREAS, given the size and scope of the Development, it is in the City’s, the Developer’s <br />(US Home Corporation (Lennar)) and the Owner’s (Mattamy Minneapolis LLC) best interest to <br />allow the Development to proceed in multiple phases based on a final plat for each phase and to <br />enter into a Master Development Agreement in order to establish certain terms and conditions of <br />approval prior to the final plat of any phase of the Development. <br /> <br />NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes <br />hereby approves the Master Development Agreement between the City of Lino Lakes, US Home <br />Corporation (Lennar) and Mattamy Minneapolis LLC for Watermark and authorizes the Mayor <br />and City Clerk to execute such agreement on behalf of the City. <br /> <br />Adopted by the Council of the City of Lino Lakes this 10th day of December, 2018. <br /> <br /> <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />_______________and was duly seconded by Council Member ________________ and upon <br />vote being taken thereon, the following voted in favor thereof: <br /> <br />The following voted against same: <br /> <br /> <br /> <br /> <br />_______________________________ <br />Jeff Reinert, Mayor <br /> <br />ATTEST: <br /> <br />________________________ <br />Julianne Bartell, City Clerk <br /> <br />